UNITED STATE SECURITIES AND EXCHANGE COMMISSION
SECURITIES ACT OF 1933
Release No. 7602 / October 27, 1998
Administrative Proceeding
File No. 3-9769
PROCEEDINGS INSTITUTED AGAINST TKO INTERNATIONAL, INC.
AND LEONARD A. TURANO
The Commission instituted an administrative
proceeding against TKO International, Inc. ("TKO") and
Leonard A. Turano, its president and sole shareholder to
determine whether to issue a cease-and-desist order
against the respondents. The Commission's staff alleges
that in September 1998, TKO and Turano contracted to
promote at least four microcap companies in exchange for
cash and/or options to purchase shares of the companies'
stock. TKO and Turano then promoted those companies to
investors through the Internet without disclosing the
amount of the cash or stock options, in violation of
Section 17(b) of the Securities Act of 1933, which
requires that the publicist disclose the amount of
compensation received from a public company.
TKO is a closely held Colorado corporation with its
place of business in Englewood, Colorado.
A hearing will be scheduled to determine whether the
allegations are true and, if so, whether a cease-and-
desist order should be issued. (Rel. No. 33- ).